OUR SERVICES

Administration of the Plan

Each year, based on the employee census and trust accounting information you supply, we then calculate the minimum, optimum, and maximum allowable plan year contributions. Once the annual funding is complete we produce a complete administrative package for your plan.

You will receive an annual plan management report for your records, and required forms (5500 series) will be prepared for filing with the appropriate government agency.

Components of your plan administration include:

  • Review of trust income statement and balance sheet

  • Calculation of employee eligibility and plan entry

  • Calculation of required and allowable contributions

  • Discrimination and compliance testing

  • Allocation of contributions, earnings and forfeitures

  • Determination of accrued and vested benefits

  • Preparation of IRS/DOL Form 5500 and all required schedules

  • Electronic filing of IRS/DOL Form 5500 (where allowable or required)

  • Preparation of summary annual report

  • Preparation of plan management reports

  • Preparation of individual participant statements

  • Preparation of distribution election forms (for former employees with benefits payable from the plan)